CYG coventry group limited
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News: CYG Coventry Group Enters Agreement To Acquire Nubco For $36.0 Mln

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    05/02/19
    18:15
    Post #: 37339487

    Feb 5 (Reuters) - Coventry Group Ltd (CYG) :

    • ENTERED INTO AN AGREEMENT TO ACQUIRE ALL OF SHARES OF NUBCO FOR $36.0 MILLION
    • DEAL TO BE FUNDED BY UNDERWRITTEN PRO RATA 1 FOR 1.37 ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE ABOUT $27.6 MILLION
    • ACQUISITION WILL ALSO BE FUNDED BY DEBT THROUGH CO'S EXISTING FACILITY
    • ACQUISITION WILL ADD TO GROUP PROFITABILITY IN FY19

    Source text http://bit.ly/2REg8WS

    (([email protected];))

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